Condensed consolidated statement of cash flowsfor the six months ended 31 March 2021
| Notes | 2021 R’m |
Change % |
2020 R’m |
|
| Cash generated from operations | 2 309 | (2.8) | 2 376 | |
|---|---|---|---|---|
| Transaction costs paid | (2) | (5) | ||
| Finance income received | 23 | 8 | ||
| Tax paid | (246) | (382) | ||
| Net cash generated from operating activities | 2 084 | 4.4 | 1 997 | |
| Capital expenditure | (631) | (1 145) | ||
| Business combinations (net of cash acquired) | 1 | (98) | (1) | |
| Proceeds from disposal of discontinued operation (net of cash disposed) | 1 | 573 | – | |
| Other | 13 | (81) | ||
| Net cash utilised in investing activities | (143) | (1 227) | ||
| Proceeds from interest-bearing borrowings | 1 440 | 7 631 | ||
| Repayment of interest-bearing borrowings | (2 370) | (8 009) | ||
| Dividends paid to Company’s shareholders | – | (778) | ||
| Finance cost paid | (275) | (340) | ||
| Other | (153) | (158) | ||
| Net cash utilised in financing activities | (1 358) | (1 654) | ||
| Net increase/(decrease) in cash and cash equivalents | 583 | (884) | ||
| Cash and cash equivalents – beginning of the period | 98 | 677 | ||
| Effect of foreign currency rate movements | (169) | 139 | ||
| Cash and cash equivalents at the end of the period1 | 512 | (68) |
| 1 | Cash and cash equivalents at the end of the period are net of bank overdrafts. |
For cash flows of discontinued operation refer to note 1.